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How Much Is Homeowners Insurance, Average Cost By State

Homeowners insurance rates vary from state to state as living in different areas will bring various risks.If you’re on the coast or in tornado alley, rates will be a bit more compared to places with calm weather or less risk.  Insurers also focus in on the side of town you live.

If you live in an area with a lower crime rate you’ll notice a lower insurance rate compared to a home across town in an area prone to theft and reports of break-ins.  Below are the average annual premiums for homeowners insurance by state.  These premiums were averages taken from 2008 records.  As we come across more recent data we will add it to the recent column.

 

Average Cost Of Home Insurance By State

STATE

ABBR

2008_Average

Recent

Alabama AL

845

Alaska AK

856

Arizona AZ

628

Arkansas AR

788

California CA

911

Colorado CO

842

Connecticut CT

980

Delaware DE

535

District of Columbia DC

926

Florida FL

1,390

Georgia GA

749

Hawaii HI

862

Idaho ID

387

Illinois IL

628

Indiana IN

658

Iowa IA

612

Kansas KS

916

Kentucky KY

601

Louisiana LA

1,155

Maine ME

572

Maryland MD

637

Massachusetts MA

1,026

Michigan MI

715

Minnesota MN

845

Mississippi MS

980

Missouri MO

788

Montana MT

721

Nebraska NE

814

Nevada NV

692

New Hampshire NH

647

New Jersey NJ

691

New Mexico NM

703

New York NY

983

North Carolina NC

683

North Dakota ND

808

Ohio OH

565

Oklahoma OK

1,048

Oregon OR

439

Pennsylvania PA

586

Rhode Island RI

897

South Carolina SC

789

South Dakota SD

609

Tennessee TN

692

Texas TX

1,460

Utah UT

432

Vermont VT

650

Virginia VA

604

Washington WA

471

West Virginia WV

638

Wisconsin WI

503

Wyoming WY

676

What Does My Home Insurance Policy Cover?

In most cases you’ll find a home policy to be cheap if you consider the amount of coverage you receive with a standard HO3 policy. Not only are you protecting the value of the home you live in, a standard policy also covers the contents inside. You’ll also receive coverage for other structures on your property.

A standard HO3 homeowners policy will also cover you and your family members from liability claims. If your child walks the family pet and that pet gets off the leash and bites someone – your insured! You can learn more about the specifics of what homeowners insurance covers. You’ll find several benefits to the coverage you receive with a standard homeowners insurance policy.